WorksheetsAccounting concepts
Total questions: 10
Worksheet time: 10mins
Name
Class
Date
1.
Money owner take for his own use.
(a)
2.
What is an example of a fixed asset that can last for more than 20 years?
(a)
3.
Assets is equal to owners equity plus (a)
4.
A journal that summarises all income.
(a)
5.
Recording book where the double entry system is applied
(a)
6.
What do you call the list with all ledger accounts with their balances?
(a)
7.
Ethics is knowing the difference between wrong and (a)
8.
Ethics promote (a) and transparency
9.
Assets increase with a (a) entry
10.
If the business buy stationery, what kind of account is it?
(a)
100 %
